Word: oilmen
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Most other Saskatchewan wells yield heavy black crude, rather than the lighter, and more valuable oil produced in Alberta. The Smiley strike, yielding a 32-to-36°-gravity light oil, has given Saskatchewan oilmen reason to hope that, in quality as well as quantity, their wells may some day match Alberta's best. Oil companies have already budgeted a record $40 million for development...
...Saud's 16th son, he was one of his favorites. Unlike some of the other 43 sons, he was able and hard working. As mayor of the capital city of Riyadh, he had done a first-rate job, and in negotiations with Aramco he had amazed the American oilmen with his quick mind. Matchmakers suggested that Alia and Sultan would make a good couple; Ibn Saud and El Solh's widow agreed. Sultan heeded his father and in traditional Arabic style delicately indicated his wish to Mme. Solh through go-betweens. Unaware of all this, Alia went...
...Slow-Up? How the natural gas industry felt about the ruling became quickly evident at the winter meeting of the Interstate Oil Compact Commission in Oklahoma City. Some oilmen who produce gas merely as a byproduct recklessly threatened to burn their gas rather than submit to federal regulation, since they feared it would open the way to oil price regulation also. Since oil and gas frequently come from the same well, regulating the price of one would affect the price of the other. Others pointed out that recent contracts between gas producers and pipeline customers provided for automatic cancellation...
...Rosario. With the enthusiastic blessing of Peron, who now has to spend $500,000 a day of Argentina's dollar funds for foreign oil, representatives of U.S. oil companies have been discussing the future development of the country's underground resources. Argentine sources predict that if the oilmen decide to bring in their rigs, upwards of $100 million in new petroleum investment will flow at once from...
...outlying communities of U.S. oilmen and construction-camp workers share in the boom through big salaries and subsidized living costs. They work hard, live quietly in their U.S.-provisioned company towns, and save money hand-over-fist between conservative splurges outside. Plenty of hard work gets done in Caracas, too. Explains one American: "This was never a place to play; it's a place to bear down and make dough." But Caracas is blooming fast as a national show window, and the capital crowd, as might be expected, includes far & away the flashiest of Venezuela...